ValuEngine Downgrades Energy Transfer (ET) to Strong Sell

ValuEngine lowered shares of Energy Transfer (NYSE:ET) from a sell rating to a strong sell rating in a research note published on Thursday morning.

Separately, Raymond James restated a buy rating and set a $20.00 price objective on shares of Energy Transfer in a research report on Thursday.

Shares of ET traded up $0.12 during trading hours on Thursday, hitting $15.79. The stock had a trading volume of 2,862,441 shares, compared to its average volume of 11,399,215. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.99 and a quick ratio of 0.76. Energy Transfer has a fifty-two week low of $12.80 and a fifty-two week high of $19.34. The stock has a market cap of $18.14 billion, a P/E ratio of 13.05 and a beta of 1.90.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, August 8th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.13). Energy Transfer had a net margin of 2.60% and a return on equity of 5.50%. The firm had revenue of $14.12 billion during the quarter, compared to analyst estimates of $12.67 billion. Equities analysts expect that Energy Transfer will post 2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Thursday, November 8th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Wednesday, November 7th. Energy Transfer’s dividend payout ratio is presently 100.83%.

About Energy Transfer

Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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